Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $7.26 Million Holdings in Viasat Inc. $VSAT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Viasat Inc. (NASDAQ:VSAT) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 210,688 shares of the communications equipment provider’s stock after acquiring an additional 7,530 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Viasat were worth $7,260,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VSAT. Hantz Financial Services Inc. increased its position in Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Viasat in the 4th quarter worth about $36,000. Danske Bank A S acquired a new position in Viasat in the 4th quarter worth about $47,000. Larson Financial Group LLC increased its position in Viasat by 7,380.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 2,214 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Viasat by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock worth $78,000 after purchasing an additional 827 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Price Performance

Shares of VSAT stock opened at $72.61 on Wednesday. The stock has a 50 day moving average of $62.60 and a two-hundred day moving average of $48.41. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. Viasat Inc. has a 12 month low of $8.77 and a 12 month high of $89.79. The company has a market capitalization of $9.92 billion, a P/E ratio of -250.38 and a beta of 1.71.

Insiders Place Their Bets

In other Viasat news, SVP Robert James Blair sold 30,411 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares in the company, valued at approximately $1,792,600.32. This trade represents a 44.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total value of $110,904.00. Following the completion of the sale, the senior vice president owned 25,431 shares of the company’s stock, valued at $1,175,166.51. This represents a 8.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,071 shares of company stock worth $1,804,437. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VSAT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday. B. Riley Financial upped their price target on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Barclays set a $49.00 price target on Viasat in a research note on Friday. Finally, New Street Research started coverage on Viasat in a research note on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.